Fund Accounting- Senior Director (CS) | 2026

Petra Funds Group; Philadelphia (Philadelphia County); Hybrid; USD 146,000 - 219,000; Full time

Benefits offered by this job

Health insurance 90% covered

HSA employer contributions

401(k) employer match

Flexible paid time off

Generous holiday calendar

Hybrid work environment

Job summary

Petra Funds Group is seeking a Fund Accounting Director to lead a high-performing team in delivering accurate financial statements and capital activity for private equity funds. You will be a technical fund accounting expert and trusted advisor to clients, driving improvements and mentoring staff.

You will partner with senior leadership to align services with client strategy while maintaining the highest standards of service and accuracy in a fast-paced environment.

Qualifications

• Bachelor’s degree in accounting, Finance, or related field; CPA or equivalent designation is preferred.
• At least 15 years of experience in fund accounting with deep Fund Accounting knowledge.
• Demonstrated leadership to manage and develop a team.
• Deep knowledge of GAAP, financial statement prep, and fund administration processes.
• Experience with PE energy structures and flow-through entities is a plus.
• Strong client management skills and ability to collaborate across departments.

Responsibilities

• Lead the fund accounting team in preparing and reviewing financial statements and capital activity; ensure GAAP compliance.
• Serve as primary point of contact for key clients and manage expectations.
• Oversee monthly, quarterly, and annual close processes with accuracy and timeliness.
• Drive process improvements and implement best practices in the fund accounting function.
• Mentor, coach, and develop the fund accounting team.
• Contribute to strategic planning with senior leadership and align services with client needs.
• Understand internal financing needs, borrowing base calculations, and credit agreement terms.

Skills

Leadership

GAAP knowledge

Financial statements

Client management

Communication skills

Mentorship

Attention to detail

Education

Bachelor's degree in accounting/Finance

CPA preferred

Tools

Fund accounting software

Job description

About Us

Petra Funds Group is a single-source provider for fund administration and infrastructure needs for private equity and debt funds. At Petra, we enable fund managers to focus on the tasks that add the most value to their businesses and leave the rest to us.

Petra is made up of highly experienced professionals across the US and Europe. In a business where accuracy and timeliness are paramount, having a deep bench who's spent years working with asset managers is what differentiates us.

Our foundation is built on trust, experience, and uncompromising accuracy. Our people are experts. We work collaboratively. We are relentless in our process and put attention to detail first.

As a Fund Accounting Director, you will lead and oversee a fund accounting team, ensuring the delivery of accurate and timely financial reports to our clients. You will be a technical expert in fund accounting while also acting as a trusted advisor to our clients, offering insights and solutions that enhance their operations. In this leadership role, you will drive process improvements, mentor and develop your team, and maintain the highest standards of service and accuracy. You will collaborate closely with senior leadership to align our services with the strategic needs of our clients and the overall growth objectives of Petra Funds Group.

Responsibilities:

• Lead the fund accounting team in the preparation and review of financial statements and capital activity, ensuring compliance with GAAP and other relevant accounting standards.
• Serve as the primary point of contact for key clients, addressing their needs and ensuring that their expectations are consistently met or exceeded.
• Oversee the monthly, quarterly, and annual closing processes, ensuring accuracy and timeliness in all deliverables.
• Drive process improvements and implement best practices to enhance the efficiency and effectiveness of the fund accounting function.
• Mentor, coach, and develop the fund accounting team, fostering a culture of continuous learning and professional growth.
• Contribute to strategic planning and decision-making at the senior leadership level, providing insights and recommendations based on your expertise in fund accounting.
• Understand internal financing needs, including borrowing base calculations and tracking of key terms associated with the underlying credit agreements.

Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field; CPA or equivalent designation is preferred.
• At least 15 years of experience in fund accounting, with a strong understanding of Fund Accounting.
• Demonstrated leadership experience, with the ability to manage, mentor, and develop a team.
• Deep knowledge of GAAP, financial statement preparation, and fund administration processes.
• Experience with PE energy structures and flow through entities is a plus.
• Strong client management skills, with the ability to build and maintain relationships with key stakeholders.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate across departments and with clients.
• Proactive, organized, and solution-oriented, with a relentless focus on accuracy and attention to detail.
• Ability to thrive in a fast-paced environment, managing multiple priorities, requests and deadlines.

Salary Range

At Petra Funds Group, we are committed to transparency and equity in our hiring practices. The compensation range for this position is$146,000 - $219,000 per year. This range represents the base salary only. Actual pay will depend on factors such as qualifications, experience, and skills.

How We Care

We believe people do their best work when they feel supported — personally and professionally. That’s why we offer a comprehensive benefits package that reflects our commitment to your well-being. Our perks include:

• 90% covered medical, dental, and vision insurance premiums to help you stay healthy without financial strain.
• Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum — available to employees enrolled in our high-deductible health plan. *
• 401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting, so you start building long-term savings right away.
• Flexible paid time off to recharge, travel, or take care of what matters most.
• Generous holiday calendar to ensure you have time to rest, reflect, and celebrate throughout the year.
• Hybrid work environment that offers flexibility and supports work-life balance.

*Funded amount is prorated for new hires.

What We’re Proud Of

We’re proud of many milestones, but we’re especially honored by the recognition we’ve received for our workplace experience:

• Certified Great Place to Work®, based on direct feedback from our employees about trust and overall culture.
• Fortune Best Medium Workplaces™ and Best Financial Services & Insurance Workplaces™, highlighting our commitment to building an environment where people thrive.